The fraction 46/74 is equal to 62.16% when converted to a percentage and rounded to two decimal places. This means that if you had 74 items and selected 46 of them, you'd be choosing about 62% of the total. It's a bit more than half, but not quite two-thirds.
In everyday situations, you might come across this fraction or percentage when dealing with things like test scores, survey results, or even cooking measurements. For example, if 46 out of 74 people surveyed preferred a certain product, you could say that 62.16% of respondents liked it. This percentage gives a clearer picture of the proportion than the fraction alone, making it easier for most people to understand at a glance.